MNI BOK WATCH: More Evidence Needed To Cut Rates, Says Rhee

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

Activity data stronger-than-expected; little impact on near-term monpol

MNI: GERMANY JUNE FINAL HICP +2.5 % M/M, +0.2% Y/Y

MNI: GERMAN JUN CPI +2.2 % Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

A$ Resumes Climb Higher, Retail Sales Coming Up

AUD
BulletMarketsForeign Exchange BulletsHomepage

Aussie was one of the better performers in the G10 as USD softness was broad based. The greenback continued to weaken following Friday’s disappointing consumer sentiment numbers (USD index -0.2%). AUDUSD rose 0.4% to 0.6654, close to the high of 0.6660, and is currently around 0.6656.

  • Last week’s move lower in AUDUSD appears corrective and bullish conditions remain. The bull trigger is at 0.6714, May 16 high, and initial support is 0.6592, May 24 low.
  • Aussie fell 0.1% against kiwi to 1.0821 after an intraday low of 1.0817. It is currently around this level. AUDJPY rose 0.3% to around 104.40. AUDEUR is 0.3% higher at 0.6129 and AUDGBP +0.2% to 0.5213.
  • The US and UK were closed for holidays but the euro stoxx rose 0.5%. Oil prices were stronger with Brent rising 1.1% to $83.04/bbl. Copper is up 1.6% and iron ore is around $120/t.
  • Today April retail sales print and are expected to rise 0.2% m/m after falling 0.4% in March.
159 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Aussie was one of the better performers in the G10 as USD softness was broad based. The greenback continued to weaken following Friday’s disappointing consumer sentiment numbers (USD index -0.2%). AUDUSD rose 0.4% to 0.6654, close to the high of 0.6660, and is currently around 0.6656.

  • Last week’s move lower in AUDUSD appears corrective and bullish conditions remain. The bull trigger is at 0.6714, May 16 high, and initial support is 0.6592, May 24 low.
  • Aussie fell 0.1% against kiwi to 1.0821 after an intraday low of 1.0817. It is currently around this level. AUDJPY rose 0.3% to around 104.40. AUDEUR is 0.3% higher at 0.6129 and AUDGBP +0.2% to 0.5213.
  • The US and UK were closed for holidays but the euro stoxx rose 0.5%. Oil prices were stronger with Brent rising 1.1% to $83.04/bbl. Copper is up 1.6% and iron ore is around $120/t.
  • Today April retail sales print and are expected to rise 0.2% m/m after falling 0.4% in March.